Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Filene Launches Study Examining Americans' Financial Capacity
MADISON, Wis. (12/18/13)--Filene Research Institute and George Washington University's Global Financial Literacy Excellency Center (GFLEC) have partnered to explore Americans' financial capability.
 
The basis for the initiative, which will be guided by Filene research fellow and GFLEC Academic Director Annamaria Lusardi, will be the 2012 National Financial Capability Study.
 
Commissioned by the Financial Investor Education Investor Foundation, the study benchmarks key indicators of financial capability and evaluates how these indicators vary by demographics, behavior, attitude and financial literacy. The state-by-state results break down financial decisions and literacy by gender, age bracket and region, and highlight how a lack of financial capability has disadvantaged many Americans.
 
The Filene-GFLEC project will result in four reports that provide detailed data and insights on the financial needs of pre-retirees (ages 51-60), women, young adults and Latinos/Hispanics.
 
"Each of these groups represents an important constituency for credit unions," said George Hofheimer, chief innovation and research officer at Filene. "The young adult and pre-retiree groups face inflection points in which they need to make important financial decisions. Latinos represent almost 20% of the U.S. population and almost all of the U.S.'s net population growth. And women are key household decision makers whose priorities, and preferences need to be better understood."
 
The research project is expected to continue over an 11-month period. The first report will be released in early 2014.
 
RSS





print
News Now LiveWire
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
17 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 day ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
13 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
13 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
15 hours ago